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Jul 23, 2011
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he was always striving for a big deal. from the speaker's perspective, the white house at the last minute from their view moved the goal posts. they -- what it sounds like, not only comes to some agreement on a framework, but they were talking real details on some of these proposals, having to do with cuts and spending cuts and medicare and enconstitutitlemen all that. after this agreement that they have come to -- it had reached, they say the white house moved the goal posts. and in their view, speaker bane her to step back, take stock of the situation and really look at the calendar very seriously. as he said had, to do something because the white house's vision was not in line with that of congress. and that's why speaker boehner has now made this very aggressive move saying he's now just working with congress on this. >> jessica, we're running very tight on time tonight. i want to get through a lot fast. is there a sense when you look at the numbers that both sides talk about, even if you take their conflicting version
he was always striving for a big deal. from the speaker's perspective, the white house at the last minute from their view moved the goal posts. they -- what it sounds like, not only comes to some agreement on a framework, but they were talking real details on some of these proposals, having to do with cuts and spending cuts and medicare and enconstitutitlemen all that. after this agreement that they have come to -- it had reached, they say the white house moved the goal posts. and in their...
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Jul 14, 2011
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" too big to jail as well. if you take that money from working people and say you're important enough to keep, you who are blue collar work in the factories, you aren't, you're not only gutting your manufacturing base at a time china is ready to pass us, you're also saying to them some citizens are more important than others and i fundamentally reject that. >> let's do real world play acting. you're the president right now, you're facing this holding on the debt ceiling right now, what would you do differently than this president or anybody else to solve this problem? >> first, the hypothetical doesn't work because i didn't go on a two year spending binge when i controlled everything. secondly i control cap and balance the republicans alternative to this and i add we have to have a balanced budget amendment submitted to the states. if you listen to the american public, they're very concerned about this and rightly so. they also never want to be in this position again, i would argue cut cap balance and long term
" too big to jail as well. if you take that money from working people and say you're important enough to keep, you who are blue collar work in the factories, you aren't, you're not only gutting your manufacturing base at a time china is ready to pass us, you're also saying to them some citizens are more important than others and i fundamentally reject that. >> let's do real world play acting. you're the president right now, you're facing this holding on the debt ceiling right now,...
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Jul 1, 2011
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that's a big question. they clearly can't have an opening in the treasury secretary's post right now. so it would leave the white house and the administration in a lurch if he were to, you know, really plan an exit without a clear succession plan. but treasury secretary geithner is clearly exhausted. >> but that is exactly why it stee seems to me so odd. it sounds like what people are expecting out of this white house when it comes to economics these days, so maybe it's just par for the course. jeff, does it strike you as just kind of bad politics, bad timing? what's your take on this? >> i don't think anyone in the world cares much who's the treasury secretary. people care that the economy is not recovering, and he is the leading representative of it other than the president himself. things were getting better in may. they stopped getting better. this is a problem in substance, and it's a problem politically. shuffling around the boxes doesn't matter, but the lack of a sense that anything is getting better
that's a big question. they clearly can't have an opening in the treasury secretary's post right now. so it would leave the white house and the administration in a lurch if he were to, you know, really plan an exit without a clear succession plan. but treasury secretary geithner is clearly exhausted. >> but that is exactly why it stee seems to me so odd. it sounds like what people are expecting out of this white house when it comes to economics these days, so maybe it's just par for the...
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Jul 21, 2011
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because they keep talking about doing the big deal. so the public is blaming the white house less and blaming republicans and congress. but that doesn't get anybody anywhere. they still have to figure out a package. we're no closer at this moment. >> are all the problems we had last week, week before, yesterday, four hours ago, we still have all those problems? we're just talking about another maneuver and push it down to road. >> what's fascinating is i continue to hear these outsiders who don't work in washington describe this as washington as it works. there's always a mess in washington and they come together at the end. it's a normal washington process. and i'm talking to a lot of old washington hands who have been here for decades and they are calling this one as abnormal washington process. the difference with this one is that there are these new freshmen in the house of representatives that don't care about getting re-elected. you cannot sweeten this deal. you cannot win them over by adding something to the vote, really. and th
because they keep talking about doing the big deal. so the public is blaming the white house less and blaming republicans and congress. but that doesn't get anybody anywhere. they still have to figure out a package. we're no closer at this moment. >> are all the problems we had last week, week before, yesterday, four hours ago, we still have all those problems? we're just talking about another maneuver and push it down to road. >> what's fascinating is i continue to hear these...
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Jul 20, 2011
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these cuts are big. they are really big and so it wouldn't be on this scale at all. >> okay. so, jessica listen. time is running out here in the u.s. if we default on the august 2nd deadline, if we don't come up with it to raise the debt ceiling, what realistically can lawmakers pass in this time? not a lot of time left. >> the likely option, the reid/mcconnell plan, being worked out in the u.s. senate right now, it will have to -- it's nobody's ideal option. it's not even necessarily going to please some of these ratings agencies that grade our credit. but it will get the debt ceiling raised and could get done in the amount of time we have left and that seems like the final fallback position for everybody. >> all right. gloria, the final word here. >> well, just to follow up on what jess is saying, i was talking to a senior republican today who described this backup plan as kind of the break glass kit, when have you an emergency, you go and break the glass, you pull it out, and you have something there to put out the fire. and i think they'll have to break the glass. >> glor
these cuts are big. they are really big and so it wouldn't be on this scale at all. >> okay. so, jessica listen. time is running out here in the u.s. if we default on the august 2nd deadline, if we don't come up with it to raise the debt ceiling, what realistically can lawmakers pass in this time? not a lot of time left. >> the likely option, the reid/mcconnell plan, being worked out in the u.s. senate right now, it will have to -- it's nobody's ideal option. it's not even...
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Jul 28, 2011
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>> that would be a big step. and if it didn't succeed, tom, a huge valiant one to two to three to four-month effort at building a movement behind a balanced budget amendment. you know, part two of the boehner plan is there will be another tranche of potential debt ceiling raise down the road -- >> so let me make sure i understand. if you could get the vote, if democrats and republicans say we will have a vote on a balanced budget amendment, even if it failed, you would say this is a victory of a sort and we can move forward? >> it's movement in the right direction. is it enough, tom, for a guy like me right now? no. i need passage out of both houses. i know that's a tall lift. but i really want my leadership to keep pushing for that. and let's see how this plays out. >> all right. well, i understand -- i fully understand your position, the sense that as you said this is a once in 100-year opportunity for people like you to push the way you are. and we'll see how it plays out. congressman, thanks so much for being
>> that would be a big step. and if it didn't succeed, tom, a huge valiant one to two to three to four-month effort at building a movement behind a balanced budget amendment. you know, part two of the boehner plan is there will be another tranche of potential debt ceiling raise down the road -- >> so let me make sure i understand. if you could get the vote, if democrats and republicans say we will have a vote on a balanced budget amendment, even if it failed, you would say this is a...
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Jul 29, 2011
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we have a very big problem. i appreciate the speaker's effort to try to get something through when you have a senate that won't have a debate, but we need a bill that solves the problem long term. i don't think it does enough. i'm optimistic we can still do a better job to solve our nation's problems. >> have you been called in by the leadership this afternoon? >> i have not been called in. i made it clear early on i think we can do better. >> what are you hearing from the republicans? i think we need you to join with us. specifically, what are they saying? >> this is very important. this is the only thing that can happen. then we hear a word that may be tabled in the senate, again. my concern is with the senate that refuses to vote on any plan. the balanced budget amendment has to be done. when we hear about downgrades and defaults, my concern is a bill like this is not good enough to avoid a downgrade. >> is there anything that would satisfy you now? if the speaker said i need to know what you want, what do yo
we have a very big problem. i appreciate the speaker's effort to try to get something through when you have a senate that won't have a debate, but we need a bill that solves the problem long term. i don't think it does enough. i'm optimistic we can still do a better job to solve our nation's problems. >> have you been called in by the leadership this afternoon? >> i have not been called in. i made it clear early on i think we can do better. >> what are you hearing from the...
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Jul 22, 2011
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and i'm a big space geek. i love that. we'll see you back here tomorrow. "in the arena" starts right now. >>> good evening and welcome. i'm tom foreman. tonight we are getting mixed signals about a possible back room deal on the debt ceiling just hours away from what president obama at least at one point called a deadline for a decision. "the new york times" says president obama and the republican speaker of the house john boehner are close to an agreement. roughly it would involve $3 trillion in cuts and an eventual overhaul of the entire tax system. here's the catch, though. other sources are shooting down the idea that this is even happening as fast and hard as they can. listen to boehner himself earlier today on rush limbaugh's radio show. >> rush, there is no deal. no deal publicly, no deal privately. there is absolutely no deal. >> no deal, no deal, no deal. now, here's the white house spokesman jay carney. >> there is no deal. we are not close to a deal. we are -- obviously, the president is in discussions with all the leaders of congress as well as
and i'm a big space geek. i love that. we'll see you back here tomorrow. "in the arena" starts right now. >>> good evening and welcome. i'm tom foreman. tonight we are getting mixed signals about a possible back room deal on the debt ceiling just hours away from what president obama at least at one point called a deadline for a decision. "the new york times" says president obama and the republican speaker of the house john boehner are close to an agreement. roughly...
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Jul 15, 2011
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and of course, these are very big boots to step into. and i have to say, from what i'd heard, it's no surprise that james murdock has not, it would seem, been fully equal to the task. though i think one has to be cautious and say it will be some time before we know the full story here as to what he knew and didn't know and what he did and didn't do. >> james murdock seemed to be the real champion of this giant deal over there for bskyb. and his father seems to be the one who say, no, we're not going to do that right now, we can't do it. is this deal to quote "the princess bride" all dead or only mostly dead? >> well, the deal, had it not been sunk as i think it has been by the scandal, would have been very good indeed. this british sky broadcasting has revenues of something over 6 million pounds, i believe. that may be dollars. in any event, a year, of which the profit is close to 1 billion pounds or dollars. it's an awful lot of money. compare that with the newspapers here that he owns which, you know, it's nickels and dimes. so the rea
and of course, these are very big boots to step into. and i have to say, from what i'd heard, it's no surprise that james murdock has not, it would seem, been fully equal to the task. though i think one has to be cautious and say it will be some time before we know the full story here as to what he knew and didn't know and what he did and didn't do. >> james murdock seemed to be the real champion of this giant deal over there for bskyb. and his father seems to be the one who say, no,...
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Jul 9, 2011
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you know, with big risks, it's like investments, come big rewards. we could also lose. >> communications with "columbia" were lost at about 8:00 a.m. central time. >> risk. you just accept it. >> can you imagine how much difficulty people went through and how scared they were in the transition from horses to cars? but you got to make these transitions. otherwise society doesn't move forward. >> so far, musk's spacex "falcon 9" rocket has performed well. >> two, one. >> on the last test, the rocket put a spacecraft call ed "dragon" into orbit. the capsule landed back in the pacific. it was the first time anyone other than a government had successfully orbited a spacecraft and returned it to earth. >> we designed this to be super tough. you can beat the snot out of it and it will still work. >> next year musk hopes to begin carrying cargo to the international space station. eventually astronauts, a commercial company, replacing the space shuttle. >> confirmed. it is complete. >> but unless it's safe, nasa's administrator says no u.s. astronaut will be
you know, with big risks, it's like investments, come big rewards. we could also lose. >> communications with "columbia" were lost at about 8:00 a.m. central time. >> risk. you just accept it. >> can you imagine how much difficulty people went through and how scared they were in the transition from horses to cars? but you got to make these transitions. otherwise society doesn't move forward. >> so far, musk's spacex "falcon 9" rocket has performed...
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from the country's point of view, if we get a big deal, a big megateal, it will be very, very healthy for the finances. so i think we need to separate out what's good for the country versus what's good for the politics. in terms of the politics of it, i have been very surprised at how much the president is conceding, up front, without getting very much in return. in fact, as far as i can tell, he hasn't gotten anything in return. >> is that good for the country? the truth is, when you have a big "titanic" war like this, you want people to be agreeable, but you also want them to represent their interests, because they're supposed to represent the interests of a lot of people in the country. >> i'm someone who believes that the simpson/bowles commission report was a sound way to go. and they called for cutting $2 of spending for every $1 in tax increases or revenue increases. i thought that was pretty sound. in britain, they did three-for-one in the cameron conservative government. but there was always a one. there was always a revenue increase. i personally think that's the right way t
from the country's point of view, if we get a big deal, a big megateal, it will be very, very healthy for the finances. so i think we need to separate out what's good for the country versus what's good for the politics. in terms of the politics of it, i have been very surprised at how much the president is conceding, up front, without getting very much in return. in fact, as far as i can tell, he hasn't gotten anything in return. >> is that good for the country? the truth is, when you...
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Jul 30, 2011
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but if you raise the debt ceiling and don't cut spending, you'll have the same big problems. that's the answer to your question. the compromise has to cut spending. we have to respond to what everybody in america is saying and what the world credit markets are saying which is our problem isn't the debt ceiling. our problem is the debt. >> cutting spending and the balanced budget amendment are two different things. one may accomplish the other, but this they are still separate things. is the balanced budget amendment a drop-dead requirement? >> i don't have a drop-dead requirement? i have a whole host of things that my constituents have sent me here to do. cutting spending is one thing and balancing the budge set another thing. what we can do right now is make sure we're cutting spending today. don't give me a deal that cuts spending ten years down the road. show me what you're going to do this year and next year, before americans go back to the polls. >> simple but sort of strange question. are you happy tonight? >> i'm not happy tonight. we started this process back in febru
but if you raise the debt ceiling and don't cut spending, you'll have the same big problems. that's the answer to your question. the compromise has to cut spending. we have to respond to what everybody in america is saying and what the world credit markets are saying which is our problem isn't the debt ceiling. our problem is the debt. >> cutting spending and the balanced budget amendment are two different things. one may accomplish the other, but this they are still separate things. is...
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. >> reporter: let's not mix a lot of different things into one big pot. the poll you referred to was a poll that was done the day after dominique strauss-kahn's arrest. it was a poll that was faultily done. it was declared illegal and done as people were still trying to adjust and absorb the reality that one of the most powerful men in the world who could have been president could have committed such a crime as he was about to announce his nomination. so, i disregard the importance of that poll that said early on that a majority of the french thought that he might have been the victim of a plot. as for france having different sexual morays, seduction is not criminality, seduction is playful, should be enjoyable. committing a violent crime against a woman which was what was alleged to have happened is appalling for any french person. and so one has to make that distinction. what is the bridge between seduction and a violent crime is the potential abuse of power which is -- which is also something that is endemic in french life. >> you make a point that's w
. >> reporter: let's not mix a lot of different things into one big pot. the poll you referred to was a poll that was done the day after dominique strauss-kahn's arrest. it was a poll that was faultily done. it was declared illegal and done as people were still trying to adjust and absorb the reality that one of the most powerful men in the world who could have been president could have committed such a crime as he was about to announce his nomination. so, i disregard the importance of...
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Jul 27, 2011
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a big problem. they're now scrambling to rewrite the bill and it is unclear what will really happen. they were spending all day today trying to sell the bill to their members, gloria. not rewrite it'll. >> so what happens? we weren't sure he had the votes before to pass it in the house. now it looks even less likely, right? >> definitely seems like more problem, more headaches added to the speaker's plate. unclear. what we were told as this was happening, they were aiming for a vote tofmorrow. unclear. definitely, very easy to understand that it would be even a bigger problem selling this to house conservative who's were already complaining that this bill didn't go far enough. >> and clearly, kate, the speaker does not want to lose. so thank you very much. and stay on top of that story. it is important. meanwhile tonight, we're getting some mixed messages out of the white house, too. just a short time ago on cnn, white house communications director dan pfeiffer told jessica yellin that president oba
a big problem. they're now scrambling to rewrite the bill and it is unclear what will really happen. they were spending all day today trying to sell the bill to their members, gloria. not rewrite it'll. >> so what happens? we weren't sure he had the votes before to pass it in the house. now it looks even less likely, right? >> definitely seems like more problem, more headaches added to the speaker's plate. unclear. what we were told as this was happening, they were aiming for a vote...
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Jul 19, 2011
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has a very big funding problem. this new consumer protection agency is not there yet and as long as the president comes out and fights on the grounds he laid out today, he'll win. >> i want to talk about the work of the agency itself. how much do consumers need this? we're not just talking about credit cards and mortgages and -- we're talking about unfair practices that consumers aren't even aware of. it's inside baseball. not reading the fine print. >> i don't think it's inside baseball, i don't know about you, but the last time i got clarification of credit card terms, a little document, but it was like concertina. i don't have the eyesight to read that level of fine print. >> personally, in the middle of a refi, and the person on the other end, she may have been speaking a foreign language. all of these people don't know the parameters. most people aren't that abreast of it. >> know before you owe is one of the agency's landmark items right now, and a very good initiati initiative, and legitimate, honest people i
has a very big funding problem. this new consumer protection agency is not there yet and as long as the president comes out and fights on the grounds he laid out today, he'll win. >> i want to talk about the work of the agency itself. how much do consumers need this? we're not just talking about credit cards and mortgages and -- we're talking about unfair practices that consumers aren't even aware of. it's inside baseball. not reading the fine print. >> i don't think it's inside...